Vicis, Inc., Corporation just filed form D regarding $10.00 million debt financing. This is a new filing. Vicis was able to finance itself with $3.96 million so far. That is 39.55% of the financing round. The total private financing amount was $10.00 million. The form was filed on 2016-10-11. The reason for the financing was: unspecified. The fundraising still has about $6.05 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Vicis is based in Washington. The firm’s business is not disclosed. The form D was submitted by David L Marver President & CEO. The company was incorporated in 2014. The filler’s address is: 570 Mercer Street, Seattle, Wa, Washington, 98109. David Marver is the related person in the form and it has address: C/O Vicis, Inc., 570 Mercer St., Seattle, Wa, Washington, 98109. Link to Vicis Filing: 000160893916000004.
Analysis of Vicis Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering size. Vicis sold 39.55% of the offering. The fundraising is still open. The average investment size for companies in all industries in our database is $3.05 million. The total amount raised is 29.67% bigger than the average for companies in the database. The minimum investment for this offering is set at $0. If you know more about the reasons for the fundraising, please comment below.
What is Form D? What It Is Used For
Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.
Why Fundraising Reporting Is Good For Vicis Also
The Form D signed by David L Marver might help Vicis, Inc.’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.
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